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Stefan
03c3c9e9d399c250c71614f5e7760f8f8a5e4d5722e446a00a2678f038e2a655
Friendly Bitcoiner and Software Geek ⚡️

For me lightning to my wallet has worked.

Would be cool if the Cashu Wallet would offer a Lightning Address so I don’t need Alby but i would use Cashu to receive my ⚡️.

Replying to Avatar calle

Check out Nutminer – a crazy invention by nostr:npub12262qa4uhw7u8gdwlgmntqtv7aye8vdcmvszkqwgs0zchel6mz7s6cgrkj

Nutminer is a difficulty-adjusted proof-of-work based Cashu faucet that emits a constant rate of tokens, no matter how many people use it! How? The miner runs in your browser and produces hashes that are submitted to the backend. The more people use it, the higher the difficulty – just like with Bitcoin mining. If the PoW matches the difficulty, you get an ecash nut which you can cash out on Lightning!

Think of the bigger picture here. You can think this as a proof-of-concept of what an ecash-based mining pool would look like: Bitcoin miners do not need to reveal their mining rewards to the pool. Instead, they can accumulate ecash representing their reward and cash out anonymously. More privacy for miners!

Try it out and crack some nuts: https://nutminer.semisol.dev/

Amazing work nostr:npub12262qa4uhw7u8gdwlgmntqtv7aye8vdcmvszkqwgs0zchel6mz7s6cgrkj! Note: Every sat zapped on this note will go directly into the faucet!

Is it possible to directly send LN to the faucet? Btw what is this ‘faucet’?

Is there any way to support Cashu Development?

I have played around with #Cashu eCash on wallet.cashu.me and on nutminer.semisol.dev

Looks very interesting and exciting. 🚀

To bring this project even more forward it would be very cool if one could generate a Lightning Address in wallet.cashu.me which would be usable to receive #nostr Zaps ⚡️

Hey #[0]​ how to we get world peace and spread love between each other?

Yes, I am using it together with the Sparrow Wallet (open source as well). I like SeedSigner and Sparrow Wallet a lot, you could also use your own bitcoin node.

As an alternative I use BitBox02, there the wallet and firmware is open source as well.

Thanks for this impulse ⚡️ now I am ready to try it…

Replying to Avatar Cyph3rp9nk

Ah, understand. Could you recommend a wallet for L-BTC?

Replying to Avatar Cyph3rp9nk

Bitcoin architecture

We could treat the Bitcoin architecture analogously to the memory levels of a PC.

We all know that the data written in the ram memory is susceptible to be lost if we suffer a power outage, but that does not prevent us from using it to our advantage. Data is loaded from the hard disk into the ram memory and this in turn is loaded into the processor cache memory when necessary, and in the same way when that data has to be persistent, it is downloaded back through the different layers of memory to the hard disk.

If we want to use Bitcoin intelligently we should do the same, being aware of the problems we have in each layer or in each technology, since in this case both Liquid and Lightning belong to layer 2.

I don't think brc-20 tokens will create a permanent congestion of the mempool, we are already seeing the mempool slowly emptying, but we have to be prepared for when a major adoption comes and block space are a precious resource, bitcoin was designed this way, it is not a bug, it is its design so that miners can subsist without the block subsidy and be able to keep the network secure.

Some examples of smart usage:

In a high fee environment for example if you run out of bitcoin over lightning and don't want to rely on an Exchange kyc to reload the channel, you will need to send bitcoin on chain to open a channel or to make a swap with the cost involved. If instead you have an intermediate pool of L-BTC (Liquid) you can get LN-BTC with Boltz and recharge your channel with a ridiculous cost of 0.1% and the Liquid fee is insignificant, it is only 100 satoshis.

On the other hand if you want to download accumulated balance from Lightning to Bitcoin in a high fee environment, you can transfer it to your Liquid cold storage that although we could argue that it is not self-custody as Lightning to be federated (if you use lightning without custody because there are not many) is still much safer than having it in an Exchange and from my point of view safer than having it in a Lightning online node, also risking a forced closure of a channel and being charged $ 200 as has happened these days.

In a high fee environment it is also better to accumulate your weekly dca in Liquid to avoid high fees and have bitcoin in your custody, again understanding that Liquid is a federation and does not have the same security as Bitcoin in your custody.

Finally, take advantage when fees are low to transfer your bitcoin holdings to the Bitcoin network or reload the Liquid network.

It all comes down to understanding the different layer 2 technologies and using them to your advantage knowing their flaws and virtues.

I know Lightning and how to use it but what’s the difference between Lightning and Liquid?

Ah, thanks for your reply. Damus is my client of choice and then I could try out Amethyst on my spare Android phone. Good to know 👍